The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-10
Miscellaneous Notes.

The Reading company has advanced freight
rates on iron and steel 10 per cent
The Governor of Minnesota advises regulation
and general reduction of railroad tariffs. and
urges legislatlon against watering stock and the
giving of free passes.
The Philadelphia Times says it is understood
that nearly 100000 tons of steel rails have
been entered for 1887 delivery, which is at least
equal to eight months full work for all the mills
The Chicago. Santa Fee & California Railroad
Company has completed arrangements for build
ing railroad bridge at Fort Madison, Ia. Work
has been commenced or this line, which will be
completed June l. 1888.
Railroad stocks are again the boom The
average decline in the active stocks from Dec 8
to Dec. Is was about IL points. The average
recovery from these lowest prices to the highest
prices Saturday vas about points.
The Montana Central road has been graded
the entire length from Rimini to Great Falls,
but the rates demanded by the Union and North
Pacific roads for the transportation of rails
and materials have utterly blockaded the project
for eighteen months.
President Perkins, of Chicago, Burlington &
Quincy. says the passage of the interstate bill
would be advantageous neither to the public
nor to the roads, and it would simply compel a
readjustment of railway relations with the peo-
pie and competing lines
The famous Hoosac tunnel has passed from
the control of the State of Massachusetts, It ia
union of the Fitch burg Railroad Company, the
Troy s. Boston Railroad Company, and the Com
monwealth Railroad and Tunnel Company.
The Chicago e Alton directory has decided to
abandon its system of publishing earnings week
ly, and instead give them out when verified,
once month. There were many objections to
the weekly publications from the fact that they
were, as rule, approximated and varied from
the actual
Philadelphia American: The announcement
that the Sully party had been elected to the
Richmond Terminal directory was accepted as
meaning the first step in the formation of the
Southern combination by the absorption of the
Georgia Central On this, Richmond Termin al
rose like a rocket. Will it come down again like
the stickl
The New York Tribune opposes the interstate
commerce bill for the reason, among others. that
lit would operate powerfully to abolish compe-
tition through the building Of new lines. Where
railroad" it says "penetrates a certain terri
tory no capitalist will dare to build another, and
the people of that territory will be left to the
mercy of an absolute monopoly"
j. Z. Crank, president of the Los Angeles G.
San Gabriel Valley railroad, has sold that road
to the Atchison. Topeka e Santa Fe, and will
go into the Atchison combination as a Pacific
coast director and probably as a resident vice
president or the syndicate. The San Gabriel
road and the Atchison branch from San Ber-
nardino are rapidly approaching each other.
The Union Pacific has revoked the order In
Producing the twenty four-hour system of keep
ing time. The revocation was q surprise, as the
twenty four hour system had been printed On
the back of the time-cards for two years and had
been Put into actual use in Nebraska and on the
Idaho division. 1t is said that President Adams
distrusted the new system, and by his order il
was abandoned.